GBPCHF– Makes the turn

Note: Aussie and Kiwi have CPI tonight

Bearish: We are currently @ 1.1384 after a clean reversal. With this pullback, we are looking to continue to the ATR target @ 1.1324 area with a further target @ 1.1300. Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips and it’s 180 day average is 104 pips per day. USDX is currently threatening down.

Posted to Introduction to Forex Targe… on Jan 24, 2023 — 8:01 AM
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